{"id":7419,"date":"2025-07-24T09:20:05","date_gmt":"2025-07-24T09:20:05","guid":{"rendered":"http:\/\/newsofbharath.com\/?p=7419"},"modified":"2025-07-24T09:20:06","modified_gmt":"2025-07-24T09:20:06","slug":"ed-files-complaint-against-myntra-under-fema","status":"publish","type":"post","link":"https:\/\/newsofbharath.com\/?p=7419","title":{"rendered":"ED files complaint against Myntra under FEMA"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"316\" height=\"172\" src=\"http:\/\/newsofbharath.com\/wp-content\/uploads\/2025\/07\/myntra.jpg\" alt=\"\" class=\"wp-image-7420\" srcset=\"https:\/\/newsofbharath.com\/wp-content\/uploads\/2025\/07\/myntra.jpg 316w, https:\/\/newsofbharath.com\/wp-content\/uploads\/2025\/07\/myntra-300x163.jpg 300w\" sizes=\"auto, (max-width: 316px) 100vw, 316px\" \/><figcaption class=\"wp-element-caption\">NOB_ED files case on Myntra<\/figcaption><\/figure>\n<\/div>\n\n\n<p><strong>NOB- Bharat news:<\/strong> The Enforcement Directorate (ED) on July 23<sup>rd<\/sup> 2025, filed a complaint under the Foreign Exchange Management Act, 1999 (FEMA) against Myntra Designs Private Limited, its related entities, and their directors for alleged violations amounting to Rs.1,654.35 crore. According to the ED, Myntra and associated entities carried out Multi-Brand Retail Trade (MBRT) operations while falsely claiming to operate as \u201cWholesale Cash &amp; Carry&#8221; businesses. This alleged misrepresentation is in direct violation of the FDI policy, which restricts foreign investment in MBRT under certain conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NOB- Bharat news: The Enforcement Directorate (ED) on July 23rd 2025, filed a complaint under the Foreign Exchange Management Act, 1999 (FEMA) against Myntra Designs Private Limited, its related entities, and their directors for alleged violations amounting to Rs.1,654.35 crore. According to the ED, Myntra and associated entities carried out Multi-Brand Retail Trade (MBRT) operations [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[4],"tags":[86,85,9644,5377,35,381,334,421,34,362],"class_list":["post-7419","post","type-post","status-publish","format-standard","hentry","category-news","tag-barat-news","tag-bharath-news","tag-ed-files-complaint-on-myntra","tag-fema","tag-news-of-bharath","tag-news-of-india","tag-newsofbarath-com","tag-newsofbharath","tag-newsofbharath-com","tag-newsofbharath-coom"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"NOB- Bharat news: The Enforcement Directorate (ED) on July 23rd 2025, filed a complaint under the Foreign Exchange Management Act, 1999 (FEMA) against Myntra Designs Private Limited, its related entities, and their directors for alleged violations amounting to Rs.1,654.35 crore. 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